junoooo

LTC - The sleeping beauty - Shortterm

Long
junoooo Aktualisiert   
POLONIEX:LTCBTC   Litecoin / Bitcoin
Hey guys!

We have seen very huge recovery's of nearly every alt within the last few days and weeks.
LTC had a big run from 0,0155 to 0,018 ending up in a double top and went down to nowhere.

I see a great buying opportunity now.

- We have a 2 times confirmed support zone around 0,0165.
- SMA 5 crossing SMA 20 and giving buy signals. (yellow circle)
- Reached fibonacci 66% retracement near 0,0165
- RSI Wedge within the next 2 days.

my personal short term target would be around 0,018. LTC tried to cross it 3 times within the last month.
Stop Loss around 0,0162 ... giving us a really nice chance/risk ratio!

Happy trading!

**** Notice: That is my personal oppinion, no trading advice. Your money, your trade, your risk and your responsibility!
Trade geschlossen: Stop wurde erreicht:
Ripped by BTC ...
LTC formed a new Support Zone around 0,016.

I am still a holder. Awaiting new bullish trend.

New TA incoming!
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